Tough Competition
Tuesday, December 4, 2012
Kertas Leces is historically recorded as a company that was taken over by armed force. Freedom fighters had to capture it from the Japanese in 1945. Initially, it was a branch of the Dutch-owned Padalarang Papier Fabriek (paper mill) in West Java. In the 1980s, Leces was Indonesia,s second-largest paper mill, after Padalarang. Although an old player, the state-owned company that was based in Probolinggo, East-Java, became weak when it faced incr
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